3 Strategies for Managing Your Profit-Drain Customers
Managers today have a huge unaddressed opportunity to engage and manage their large, profit-draining customers, creating win-win relationships that rapidly increase profits and lock in these key customer relationships. As yesterday’s mass markets fragment, managers must shift from broad-based product management to highly focused management of target customer segments — and even individual customers.
Midsize Companies Need a Systematic Approach to Cost Analysis
As companies grow from small to midsize, they inevitably arrive at a point where systematic cost analysis — a regular, automated process of evaluating all costs — is critical to their survival and continued growth.
Want Better Cash Flow? Improve Your Company’s Operational Efficiency
James Boening has seen it all in the car industry. In a career spanning more than three decades, he founded and sold a dealership lending company for $20 million; lost businesses “because of cash flow mistakes”; and oversaw 90 franchised dealerships as a national director for pre-owned operations for Fortune 500 company Asbury Automotive Group.
Healthy cash flow – the most important element for sustained growth
All executives worth their salt want their organizations to have healthy cash flows. But what does a “healthy cash flow” really mean?
3 Keys To Building Out A Successful Budget And Forecasting Expenses
Cash flow. It may be a term that invokes headaches for many entrepreneurs, but at the end of the day, few things will be more important to the long-term health of your business.
Entrepreneurs: Survive and thrive in times of crisis
No business will be able to outwork or outrun the impacts of COVID-19. So what should an entrepreneur do next? Take the time to GASP, an acronym for the terms: Ground, Assess, Stabilize and Plan. This approach worked well for businesses that survived and thrived during the Great Recession of 2007/8 and other major market challenges.
9 Actionable Ways to Increase Cash Flow
In the world of business, cash flow is the one thing that can make or break a business. According to our research, 82% of small businesses fail because of poor cash management skills or a lack of understanding of cash flow. This is the number one reason small businesses fail, sitting well above fraud, market changes […]
7 Tips on Managing Cash Flow as a New Business
New start-ups should fully understand that running out of money is one of the primary reasons businesses fold shortly after a launch. This scenario is a proven statistic.
5 Ways to Boost Business Cash Flow
Business is a game of revenue, profits, and expenditures. If those metrics are out of balance, sustaining a business will prove difficult.
12 Ways to Manage Your Cash Flow
Staying in the black is one of the keys to business success. Try these 12 tips for improving your money management skills.